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Global Diuretics Market Report: Insights and Growth Trends 2024
Global Diuretics Market Report
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According to The Business Research Company's, The diuretics market size has grown steadily in recent years. It will grow from $0.71 billion in 2023 to $0.75 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to prevalence of chronic diseases, aging population, clinical guidelines, pharmaceutical innovation, increase in obesity.
The diuretics market size is expected to see steady growth in the next few years. It will grow to $0.88 billion in 2028 at a compound annual growth rate (CAGR) of 4.2%. The growth in the forecast period can be attributed to rising incidence of hypertension and heart failure, emerging markets, government initiatives, focus on preventive healthcare. Major trends in the forecast period include personalized medicine, innovative drug development, telehealth and remote monitoring, digital health solutions.
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Market Drivers and Trends:
The increase in renal and kidney disorder cases drives the diuretics market. In such cases, the kidney does not function properly increases the need for water pills (diuretic drugs) to maintain a proper flow of urine. The rise in kidney disorders can be attributed to changes in lifestyle such as the consumption of unhealthy food high in calcium and other minerals. For example, in 2021, according to the Centers For Disease Control and Prevention, a US-based government agency, more than 1 in 7 people, that is 15% of US adults, approximately 37 million people, are suffering from chronic kidney diseases. Therefore, increase in renal and kidney disorder cases drives the growth of the diuretics market.
A new drug delivery technology called the oral nanoparticle delivery technology is developed to improve the pH and intestinal permeability of the diuretic drugs to increase the digesting capability as the majority of these drugs have low water solubility and bioavailability. Drugs such as amlodipine and isradipine having low bioavailability (less number of solvents to get diluted) and high light sensitivity were delivered using Nanoemulsion (dispersion that consists of oil, surfactants, and aqueous phase) as a drug delivery system. Pharmacokinetics (study of how an organism affects a drug) data of both the drugs revealed enhanced stability and bioavailability. For instance, Nanomerics, a pharmaceutical nanotechnology drug delivery company is carrying out R&D in this technology by working on MET (Molecule Envelop Technology) Nanoparticles Oral Delivery. Also, in January 2021, nanomaterial-based drug delivery doxorubicin, a drug that exhibits high toxicity, can be delivered directly to tumor cells using liposomes (Doxil) without affecting the heart or kidneys.
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Major Key Players of the Market:
Merck & Co. Inc., Meda Manufacturing GmbH, Pfizer Inc., GlaxoSmithKline plc., F. Hoffmann-La Roche AG, Aton Pharma Inc., Boehringer Ingelheim International GmbH, Novartis AG, Teva Pharmaceutical Industries Ltd., Sanofi-aventis U.S. LLC, Centaur Pharmaceuticals Pvt Ltd, Validus Pharmaceuticals LLC, Actavis Generics, Paddock Laboratories LLC, Perrigo Pharmaceutical Company, H. Lundbeck Inc., Oak Pharmaceuticals Inc., Akron Pharmaceuticals Inc., Salix Pharmaceuticals Inc., Alembic Pharmaceuticals Limited, Aurobindo Pharma Limited, IPCA Laboratories Limited, Jubilant Cadista Pharmaceuticals Limited, Mylan N.V., Princeton Laboratories Inc., Sciegen Pharma Limited, Unichem Laboratories Limited, AstraZeneca plc, Bayer AG, Bristol-Myers Squibb Company, Cipla Ltd, F Hoffmann-La Roche Ltd, Fresenius Kabi AG, Sandoz International GmbH, Sun Pharmaceutical Industries Ltd, Zydus Lifesciences Ltd., Amneal Pharmaceuticals LLC, Apotex Inc.
Diuretics Market 2024 Key Insights:
• The diuretics market size is expected to see steady growth in the next few years. It will grow to $0.88 billion in 2028 at a compound annual growth rate (CAGR) of 4.2%.
• Rising Prevalence Of Renal And Kidney Disorders Fuels Diuretics Market Growth
• Oral Nanoparticle Delivery Technology Revolutionizes Diuretic Drug Delivery
• North America was the largest region in the diuretics market in 2023
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